Kero Hurdle
Sept 6, 2007 (LBO) – Sri Lanka would make a fixed payment to poor households on income support from this month but limit a promised subsidy to fishermen …
Industry
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Sri Lanka leisure firms asked to list in Maldives
Sept 06, 2007 (LBO) - Maldives has asked Sri Lankan firms operating resorts in the atoll nation to sell a part of their stake through a stock market flotation, …
Roaming Call
Sept 06, 2007 (LBO) – Sri Lankan mobile operator Mobitel has launched two international roaming services for customers travelling overseas. One service …
More Cash
Sept 06, 2007 (LBO) – Massachusetts-based Virtusa Corp., an IT services firm with operations in Sri Lanka that raised 57 million dollars from a NASDAQ …
Regressive Tax
Sept 06, 2007 (LBO) – Sri Lanka has dropped a controversial fixed levy from mobile phones which would have hit the poorest phone users the hardest, but …
Seismic Eye
Sept 05, 2007 (LBO) – Sri Lanka will shortly tender for two-dimensional seismic surveys off the southern tip of the island to look for new oil deposits, …
Fast Links
Sept 05, 2007 (LBO) – Sri Lanka Telecom, the island's dominant fixed phone operator, has increased bandwidth to accommodate rapidly growing high-speed …
Sri Lanka joins hands with Maldives to promote tourism
Sept 4, 2007 (AFP) - Sri Lanka has teamed up with the neighbouring island paradise of the Maldives to woo tourists from China, Russia and the Middle East, …
Green Buildings
Sept 04, 2007 (LBO) – Cement manufacturer Holcim™s Sri Lanka unit Monday announced that it had begun receiving entries for the company's second …
Submarine Map
Sept 04, 2007 (LBO) – A Norwegian firm said it has been sub-contracted for two-dimensional seismic surveys of the seabed off Sri Lanka, as the island …
Cash Cycle
Sept 04, 2007 (LBO) – Sri Lankan companies have invested millions of dollars to develop modern warehousing for tea sold at the Colombo auction, the …
Asset Backed
Sept 03, 2007 (LBO) – Fitch Sri Lanka has affirmed the 'A (lka) national rating given to lease-backed securities of Senkadagala Finance Company, which …
Not Yet
Sept 03, 2007 (LBO) – No decision has yet been made to close the UK visa office in Colombo, though a review is underway, the British High Commission in …
Ploughing On
September 01, 2007 (LBO) – Fitch Ratings Lanka has confirmed the AAA (lka) rating of HSBC's Sri Lanka branch with a 'stable' outlook, the rating agency …
Portable Money
Sept 1, 2007 (LBO) – Sri Lanka's Sampath Bank's has started an electronic cash transfer method lets account holders transfer cash to all mobile brands or …
Electronic Trade
September 01, 2007 (LBO) - Millennium IT, one of Sri Lanka's key software developers, has secured the contract to automate the centuries old tea auction …
Top Job
September 01, 2007 (LBO) – The newly set up Bharti Airtel Sri Lanka unit had hired a top Unilever official to head its operation in the island, Lanka …
Techy Production
August 31, 2007 (LBO) - MAS Intimates, a division of Sri Lanka's MAS Holdings specializing in lingerie, has won a top award by the enterprise resources …
Gas Formula
August 31, 2007 (LBO) – Sri Lanka's liquid petroleum gas (LPG) prices are to be adjusted every two months on a price formula agreed with the island's …
Fast Downlink
August 30, 2007 (LBO) -- The US Agency for International Development has teamed up with local and international partners to launch over a dozen of high speed …